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  • $929,000

    7976 Central Ave, Coloma, MI 49038

    15beds
    8baths
    6,838sqft
    : 
    $6,476/mo
    Get pre-qualified
    5+ Units
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $136/sqft
    $-- HOA

    What's special

    Stunning finishes throughoutSpacious corner property
    Primary residence, long-term rental, STR . . . this remarkable 1.3 acre property has it ALL! With deeded access and just steps away from Paw Paw Lake, this spacious corner property originally operated as a hotel. It offers a rare combination of investment potential and personal enjoyment making it an ideal opportunity for those looking to offset ownership costs while building long-term value. The main building includes a beautifully renovated fully-furnished 2-bedroom, 1-bath STR as well as an exceptionally remodeled 8-bedroom, 3.5-bath residence featuring stunning finishes throughout. From the moment you enter, it is clear that every detail has been thoughtfully designed and impeccably completed. In addition to all the amazing renovations, there is a new roof and new gutters in 2025 and a new well pump and new electrical box in 2024. The property also includes three additional residences. One is a gorgeously remodeled and fully furnished 2-bedroom, 1-bath home, while the other is a 1-bedroom, 1-bath unit. Both are currently occupied by month-to-month tenants. Opportunities like this are truly few and far between! A final building is also located on the property but had foundation issues in 2024 (foundation reinforced in 2025) and may not be toured any further than the kitchen for safety reasons.
    18 hours
    95
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    Wendy Morauske 269-369-3699,

    Coldwell Banker Anchor R.E. 269-983-0011

    Source: MichRIC,MLS#: 26050581MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 15
      • Bathrooms: 8
      Heating
      • Baseboard, Hot Water, Radiant
      Cooling
      • Window Unit(s)
      Appliances
      • Laundry: Main Level
      Features
      • Basement: Michigan Basement
      Interior area
      • Total interior livable area: 6,838 sqft

      Property

      Parking
      • Total spaces: 10
      Features
      • Waterfront features: Lake
      • Body of water: Paw Paw Lake
      Lot
      • Size: 1.31 Acres
      • Features: Corner Lot
      Details
      • Parcel number: 110846000167060

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 5+ Units
      Materials
      • Aluminum Siding, Vinyl Siding, Other
      • Roof: Composition,Other
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Well
      • Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

      Community & HOA

      Location
      • Region: Coloma

      Financial & listing details

      • Price per square foot: $136/sqft
      • Tax assessed value: $177,248
      • Annual tax amount: $8,247
      • Date on market: 9/23/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/23/2026Listed for sale$929,000+132.3%$136/sqft
        Source: MichRIC #26050581 Report a problem
        9/11/2023Sold$399,900$58/sqft
        Source: MichRIC #23022740 Report a problem
        8/4/2023Contingent$399,900$58/sqft
        Source: MichRIC #23022740 Report a problem
        6/29/2023Listed for sale$399,900-10.9%$58/sqft
        Source: MichRIC #23022740 Report a problem
        12/28/2022Listing removed--
        Source: MichRIC #22035980 Report a problem
        9/28/2022Listed for sale$449,000-5.5%$66/sqft
        Source: MichRIC #22035980 Report a problem
        8/26/2022Contingent$475,000$69/sqft
        Source: MichRIC #22035980 Report a problem
        8/19/2022Listed for sale$475,000+257.1%$69/sqft
        Source: MichRIC #22035980 Report a problem
        8/31/2000Sold$133,000$19/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2023-- --
        2022$4,823 $123,500 +4.7%
        2021-- $118,000 +9.4%
        2020$4,806 +2.3%$107,900 +2.3%
        2019$4,696 +7.3%$105,500 +13.8%
        2018$4,377 +2.5%$92,700
        2017$4,271 +0.3%$92,700
        2016$4,257 +337.2%$92,700 +3.6%
        2015$974 $89,500
        2014-- $89,500 -6.6%
        2013-- $95,800 -7.9%
        2012-- $104,000 +11.3%
        2011-- $93,400 +4.7%
        2010-- $89,200 -6.1%
        2009-- $95,000 +3.5%
        2008-- $91,800 +4.6%
        2007-- $87,800 +4.3%
        2006-- $84,200 +9.6%
        2005-- $76,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 49038

        Getting around

        0 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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